Last Updated on December 28, 2023
Novice artists commonly believe they have to become the next Madonna, Kanye West, Eminem, or any other celebrity in the target field to be truly successful. In reality, thinking outside of the box, constant market analysis, and reliable promo practices will help you pursue numerous career goals as an amateur musician. Even if you don’t sign a contract with a record label, it is possible to take the most out of this vocation in the role of your full-time employment.
Let’s take a closer look at time-tested tips to turn your musical creativity into a lucrative opportunity. Onwards!
Music Streams
Thanks to platforms like Spotify and SoundCloud, increasing your exposure has become simpler than ever before. Advanced promotion techniques will boost the success of your hit. Although it won’t be the only source of your income until you start releasing extremely popular and best-selling hits. As the most streamed artist, Taylor Swift is projected to collect over $130 million in royalties. Your profits as an amateur artist will start once your number of streams exceeds 1000 — that’s the recent update to be aware of.
Help Other Content Makers
The music industry has proven that history repeats itself. People love listening to covers, but that’s not the only way how things work. The science of sampling is quite popular. You can sell parts of your melodies and beats to third-party bands or companies. Services such as Beatstars and Airbit are quite sufficient for beginners.
License Your Creations
If you create an attention-grabbing song, the probability of getting an offer for its use in commercials or movies isn’t close to zero. With the help of licensing, you will receive payment for any type of project you will be involved in. Check the variety of licensing offers in the industry. On average, the income starts at $50 per track and easily surpasses $500 in the case of large-scale projects.
Making Profits on YouTube
Without a doubt, this platform is a great way to combine your touring, the benefits of streaming platforms, and your creative content under the same roof. YouTube welcomes different types of videos, which will let you post your music videos, behind-the-scenes moments, and so on.
Here are a few options to pay attention to for the best YouTube promotion strategy:
- The easiest way to get started is to switch on monetization services for your videos. You will be an eligible member of the YouTube Partner Program once the number of watch hours and subscribers reaches 4000 and 1000, correspondingly. You will be able to adjust the performance details in the channel’s settings, choosing between bumper, non-skippable, or skippable in-stream advertisements.
- Another solution is to get an affiliate sponsorship deal. It is a beginner-friendly solution that helps earn commissions, regardless of the number of supporters your YouTube channel has.
- Think about starting a merch program. Whether you are a self-made artist or not, it will be a gorgeous tool to embrace the connection with your audience and increase fan engagement in your activities.
What Is the Best Method to Earn Money as a Musician?
At the end of the day, it is crucial to combine several solutions and technologies to ensure you won’t run out of successful deals. The more you work on your promotional and money-bringing tool stack, the better. Follow the tips in this guide to get a kickstart in the music field!